6,000

8,000

10,000

12,000

14,000

16,000

18,000

ARIZONA REGIONAL MULTIPLE LISTING SERVICE, INC.New Listings Per Month

January February March April May June July August September October November December Total

2001 11,455 9,469 10,638 9,773 9,886 9,777 9,465 9,957 9,288 10,216 8,969 5,509 2002 12,412 10,089 10,514 10,411 10,526 9,843 10,724 10,955 11,076 11,772 9,753 7,663 2003 13,687 10,865 11,799 11,591 11,521 11,521 11,572 10,641 10,919 11,954 9,346 8,008 2004 12,963 11,183 12,493 11,559 11,048 11,320 10,814 10,371 9,800 10,238 8,719 7,117 2005 10,549 9,415 11,237 11,992 11,760 12,855 12,776 13,986 14,369 14,083 12,313 8,653 2006 16,155 14,670 16,686 15,542 16,670 16,158 14,953 15,063 14,009 13,681 11,211 8,565 2007 15,857 13,539 16,459 15,153 14,736 14,212 13,751 14,662 12,705 14,137 11,567 8,837 2008 15,903 12,932 13,274 13,678 12,931 13,322 13,484 13,518 14,241 14,602

-

2,000

4,000

This representation is based in whole or in part on the data supplied by ARMLS. ARMLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by ARMLS may not reflect all real estate activity in the market.

114,402125,738

133,424127,625

143,988

173,363

165,615137,885

150,000

200,000

250,000

300,000

350,000

Pric

e

ARIZONA REGIONAL MULTIPLE LISTING SERVICE, INC.Median New Listing Price Per Month

This representation is based in whole or in part on the data supplied by ARMLS ARMLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by ARMLS may not reflect all real estate activity in the market.

Jan Feb March April May June July Aug Sept Oct Nov Dec2001 148,900 144,500 145,000 149,900 148,900 149,900 147,000 147,500 149,900 149,900 148,000 146,900 2002 152,500 149,900 153,000 153,500 154,900 155,000 154,900 152,500 155,000 155,000 152,500 150,000 2003 158,500 158,600 156,000 158,000 159,900 159,500 156,000 159,000 159,900 159,900 159,900 155,748 2004 164,900 160,000 167,500 166,735 171,500 174,900 174,900 174,900 179,900 188,700 189,900 194,900 2005 206,000 220,000 234,000 249,900 264,900 270,000 275,000 281,000 289,800 295,000 290,000 293,900 2006 300,000 303,900 299,900 299,900 300,000 299,000 295,000 290,000 294,000 290,000 289,900 285,000 2007 289,900 291,000 290,000 288,900 285,000 278,000 274,850 269,900 265,906 264,900 255,000 249,900 2008 249,900 241,900 234,000 227,500 219,000 200,000 198,000 189,900 180,000 174,900

-

50,000

100,000

This representation is based in whole or in part on the data supplied by ARMLS. ARMLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by ARMLS may not reflect all real estate activity in the market.

200,000

250,000

300,000

350,000

400,000

450,000

sting

Price

ARIZONA REGIONAL MULTIPLE LISTING SERVICE, INC.Average New Listing Price Per Month

January February March April May June July August September October November December

2001 221,194 216,879 212,779 221,655 221,731 221,192 212,702 216,915 226,980 230,439 222,518 265,610 2002 236,113 229,964 226,805 225,948 223,547 223,390 219,857 221,569 234,208 233,262 228,869 225,938 2003 241,603 235,124 227,433 233,431 231,359 229,847 228,788 231,182 240,688 248,131 235,396 237,446 2004 254,139 244,717 253,186 247,455 253,566 256,852 265,287 265,396 282,714 279,791 289,056 281,537 2005 307,705 321,777 325,340 343,995 344,320 356,169 362,887 372,839 383,733 394,893 390,576 398,924 2006 409,109 409,022 397,379 390,142 397,402 392,978 382,057 391,438 402,809 409,135 414,424 397,837 2007 421,951 418,832 413,683 406,669 394,119 391,602 378,638 377,096 410,398 388,713 407,104 388,402 2008 406,647 379,928 363,753 356,392 354,586 314,081 311,586 312,114 296,607 294,164

-

50,000

100,000

150,000

Lis

This representation is based in whole or in part on the data supplied to ARMLS. ARMLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by ARMLS may not reflect all real estate activity in the market.